Supply of ETH last active 7 years ago remains unsold, while small-sized investors keep pouring into Ethereum
Data shared by data aggregator Glassnode indicates that retail investors are actively acquiring the second largest crypto on the market, Ethereum, while 7.6 million ETH last active in 2015-2017 remain unsold.
Meanwhile, Ethereum has recaptured the $2,800 level first time in ten days.
Ethereum Supply Last Seen 7 Years Ago Hits New High
Glassnode reported that a three-month high was reached by Ethereum supply holders who last moved their crypto five and seven years ago, i.e. in 2017 and 2015.
This supply now totals 7,666,690.968 ETH – roughly $21,557,791,247.
Small Wallets Aggressively Buying ETH
Glassnode also reported that retail investors were hoarding Ether in portions of 0.01 ETH, 0.1 ETH, 10 ETH, and 32 ETH.
Number of wallets holding these amounts of Ethereum have surged to new highs – 0.01+ coins – 21,929,193 ATH, 0.1+ ETH – 6,960,421 ATH, 10 ETH+ – one-year high of 280,792 coins. 32 ETH+ – one-month high of 107,876.
Ethereum recovers, surpassing 2,800
Bitcoin and Ethereum demonstrated a strong price increase. Bitcoin is back above the $40,000 level, while Ether has recovered $2,800, rising 8.50% on Coinbase – from $2,616 to $2,838.
Besides, Chinese crypto journalist and blogger Colin Wu has reported that over the past hour liquidations in Bitcoin and Ethereum positions have comprised more than $60 million across exchanges.
Share prices of publicly traded crypto (and crypto-related) companies such as Coinbase, MicroStrategy, etc., rose 5-10%.
